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Speedex, an Automobile Company, Has an Annual Sales Volume of $3

Question 17

Multiple Choice

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?


A) $10,000
B) $20,000
C) $30,000
D) $40,000

Correct Answer:

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